$335,000
$385,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
3,130 SqFt
SOLD DATE : 11/14/2023
Key Details
Sold Price $335,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 3,130 sqft
Price per Sqft $107
Subdivision Frostproof In Us
MLS Listing ID K4901986
Sold Date 11/14/23
Construction Status Inspections,No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1949
Annual Tax Amount $1,967
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 100x150
Property Description
Commercial property with leases and $2800.00/ month, $33,600/year gross income with an 8.73% cap rate. Located in central City Limits of Frostproof along famed Scenic Hwy/ Hwy 17. There are four separate commercial businesses occupying two separate buildings. The leases are for three of the long terms tenant occupant while the 4th tenant sub leases from another tenant. This property has been with the same family for several decades. Through the years, it has served the community as a grocery store, convenient store, hair salon, electric company office, daycare and rehab facility. Building A) is 3200 square feet that houses a medical clinic and physical therapy rehab office with large exercise room, two offices 5 exam rooms, breakroom and three restrooms. Building B) has 3130 square feet and currently houses a hair salon and a closed Daycare. There is ample parking located on all four sides of the building including a small covered area along the south side. Each tenant pays for their own metered utilities: electric, water, sewer and garbage. Must have proof of funds and or prequalified letter in order to get an appointment to show and to get rental information. Please respect the tenants and owners and not trespass inside the businesses without an appointment. Thank you.
Location
State FL
County Polk
Community Frostproof In Us
Zoning GC
Interior
Cooling Central Air
Flooring Carpet, Ceramic Tile, Linoleum
Exterior
Parking Features Parking Spaces - 13 to 18, Curb Parking
Utilities Available Electricity Available, Phone Available, Public, Sewer Nearby, Water Connected
Roof Type Membrane
Building
Lot Description Corner Lot
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Inspections,No Contingency
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with DALTON WADE INC